Time-based intraday charts are based on a fixed time period for price candles like 5, 15, 30 or 60 minutes. Time-based candles don’t take volatility into account and make it very hard for traders to identify the best entry points when the markets finally begin to move.
Tick-based charts are based on any number of price changes of transactions - ticks. In periods of higher market volatility more candles will print, magnifying price action. On the other hand, during periods of lower market activity, fewer candles will print.Read More